5/7 – 3:20 p.m. New York time
5/7 – 1:30 p.m. New York time
I’ve updated my SPXU Analysis with results.
5/7 – 10:20 a.m. New York time
I have exited my shares position on SPXU for a loss, based on the Fisher Transform remaining in an uptrending posture. SPXU profits in a downtrend in the S&P 500. (See Friday’s Live post for a discussion.)
The chart this morning remains consistent with my analysis and I plan no action this morning on my bear positions on SPY using options. (See Thursday’s Live post for a chart discussion.)
By Tim Bovee, Portland, Oregon, May 7, 2018
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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Based on a work at www.timbovee.com.